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Cramer's 'Mad Money' Recap: Safe Harbors for Investment

Home Depot is still a great company, said Cramer, and the housing recovery is still in its early stage. However, the stock trades at 18 times earnings, which is just below its historical high of 19 times earnings. Home Depot also has difficult comparisons from 2012, he noted.

Bank of America wins in this showdown.

Lightning Round

In the Lightning Round, Cramer was bullish on Accenture (ACN), McGraw-Hill (MHP), SPDR Gold Shares (GLD), International Business Machines (IBM), Berkshire Hathaway (BRK.B) and Emerson Electric (EMR).

Cramer was bearish on iShares Silver Trust (SLV) and Hudson City Bancorp (HCBK).

Fighting Cancer

In his second "Executive Decision" segment, Cramer spoke with Kevin Conroy, president and CEO of Exact Sciences (EXAS - Get Report), a speculative biotech company working on a non-invasive stool test for colon cancer. So far it has achieved 90% accuracy at detecting colon cancer without the need for a colonoscopy. The test is expected to receive U.S. Food and Drug Administration approval in 2014.

Conroy said there are over 150,000 new cases of colon cancer discovered every year, and 75% of those are patients on Medicare. That's why Exact Sciences is working with both the FDA as well as with Medicare directly to help get this test to market as quickly as possible. Currently there are 12,700 patients in his company's clinical trial and Conroy hopes to prove the test is both safe and effective at catching colon cancer early.

Exact Sciences is also working on similar tests for cancer of the pancreas and esophagus.

Cramer said Exact Sciences is exactly what our country needs to help rein in health-care costs. He remained bullish on the stock, which is up 37% since he first recommended it in October 2010.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said forgiveness is the word of the day as company after company has reported disappointing results, only to see their shares fall but rebound sharply.

Cramer cited several examples of this behavior, from Walt Disney (DIS) to Discover Financial (DFS) to Ebay (EBAY) to 3M (MMM), all of which saw up to a 10% slide in their share prices followed by a sharp recovery.

Cramer said he expects this trend to continue with this quarters' earnings season, which kicks off Tuesday with Alcoa (AA).

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
At the time of publication, Cramer's Action Alerts PLUS had a position in EMR, IBM, KEY.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.
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